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NCC (NSE:NCC) Cyclically Adjusted PS Ratio : 1.27 (As of Jun. 07, 2024)


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What is NCC Cyclically Adjusted PS Ratio?

As of today (2024-06-07), NCC's current share price is ₹324.35. NCC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹254.50. NCC's Cyclically Adjusted PS Ratio for today is 1.27.

The historical rank and industry rank for NCC's Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:NCC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.37   Max: 1.13
Current: 1.13

During the past years, NCC's highest Cyclically Adjusted PS Ratio was 1.13. The lowest was 0.23. And the median was 0.37.

NSE:NCC's Cyclically Adjusted PS Ratio is ranked worse than
67.86% of 1285 companies
in the Construction industry
Industry Median: 0.64 vs NSE:NCC: 1.13

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

NCC's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹103.318. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹254.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NCC's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NCC Cyclically Adjusted PS Ratio Chart

NCC Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.35 0.25 0.44 0.91

NCC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.50 0.62 0.67 0.91

Competitive Comparison of NCC's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, NCC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NCC's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, NCC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NCC's Cyclically Adjusted PS Ratio falls into.



NCC Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

NCC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=324.35/254.5
=1.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NCC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, NCC's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=103.318/153.0345*153.0345
=103.318

Current CPI (Mar. 2024) = 153.0345.

NCC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 40.003 91.042 67.242
201312 55.300 91.425 92.566
201403 54.539 91.425 91.292
201406 52.017 94.103 84.593
201409 61.063 96.780 96.556
201412 53.851 96.780 85.152
201503 44.618 97.163 70.275
201506 38.509 99.841 59.026
201509 42.346 101.753 63.687
201512 43.267 102.901 64.347
201603 49.211 102.518 73.460
201703 0.000 105.196 0.000
201706 39.539 107.109 56.492
201709 24.983 109.021 35.069
201712 46.586 109.404 65.165
201803 43.464 109.786 60.586
201806 41.837 111.317 57.516
201809 53.997 115.142 71.767
201812 56.213 115.142 74.712
201903 62.184 118.202 80.509
201906 38.959 120.880 49.322
201909 32.313 123.175 40.146
201912 38.012 126.235 46.082
202003 37.881 124.705 46.486
202006 21.516 127.000 25.927
202009 28.031 130.118 32.968
202012 34.652 130.889 40.515
202103 44.887 131.771 52.130
202106 33.888 134.084 38.677
202109 42.150 135.847 47.483
202112 48.921 138.161 54.188
202203 55.167 138.822 60.815
202206 54.314 142.347 58.392
202209 53.563 144.661 56.663
202212 62.722 145.763 65.851
202303 78.637 146.865 81.941
202306 69.666 150.280 70.943
202309 75.060 151.492 75.824
202312 83.675 152.924 83.735
202403 103.318 153.035 103.318

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


NCC  (NSE:NCC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


NCC Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of NCC's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


NCC (NSE:NCC) Business Description

Industry
Traded in Other Exchanges
Address
NCC House, Madhapur, Hyderabad, TG, IND, 500 081
NCC Ltd is an India-based company engaged in the construction sector through its two subsidiaries, NCC Urban and NCC Infra. NCC Urban focuses on the development of residential and commercial complexes, serviced apartments, integrated townships, and so on. NCC Infra undertakes the development of infrastructure projects through government concessions. Infrastructure projects developed by the company include roads, bridges, flyovers, water supply and environment projects, power transmission lines, irrigation, and hydrothermal power projects. NCC generates substantially all its sales from the Indian domestic market.

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